166 Maple St Wyandotte, MI 48192-5928
- Bars
- 2,960 SF
- 0.08 lot acres
Current Use by Public Records
- Bars
Property Details for 166 Maple St
- Year built
- 1967
- Lot size
- 0.08 lot acres
- Property size
- 2,960 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 57 011 09 0014 002
- APU
- 57011090014002
Description
This exceptional opportunity encompasses a thriving, well-established bar and grill situated in the heart of downtown Wyandotte, Michigan. The 2,960 square foot building sits on a 0.08-acre lot and is offered at $1,450,000. The property boasts both indoor and outdoor seating, including a patio area with the potential for an additional serving station and entertainment space. The fully equipped restaurant features a unique stone pizza oven capable of wood or gas firing. A substantial basement provides ample storage and a large prep area, enhancing operational efficiency. This turnkey business presents significant upside potential. The current owners are offering the opportunity to lease or purchase the adjacent 4,000 square foot space, allowing for expansion of the existing business or the implementation of a completely different use. The property is currently operational, and prospective buyers must contact the listing office before scheduling a visit. A non-disclosure agreement (NDA) must be signed prior to any tour, which can only be arranged during non-business hours to avoid disruption to the ongoing operations. Direct contact with the staff or owner regarding the sale is strictly prohibited. This is a rare chance to acquire a profitable, established business with significant growth potential in a vibrant downtown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $260,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $250,000
- Mixed-Use
- $265,000
- Hospitality
- $325,000
- Educational
- $325,000
- Residential Income
- $260,000
- Energy
- $310,000
- Income-Based Land
- $300,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Wyandotte
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1513
- Latitude
- 42.2024
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA